TAX TOOLS & FINANCIAL CALCULATORS

All tools provided by CalcXML and the IRS
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Important Tax Dates for 2021

IRS official tax dates you need to stay on top of your taxes.

FILING DATES

  • Jan. 11, 2021: Deadline for employees who earned more than $20 in tip income in December 2020 to report this income to their employers on Form 4070
  • ​Jan. 15, 2021: Deadline to pay the fourth-quarter estimated tax payment for tax year 2020
  • Feb. 1, 2021: Deadline for employers to mail out W-2 Forms to their employees and for businesses to furnish 1099 Forms reporting non-employee compensation, bank interest, dividends, and distributions from a retirement plan
  • Feb. 1, 2021: Deadline for financial institutions to mail out Form 1099-B relating to sales of stock, bonds, or mutual funds through a brokerage account, Form 1099-S relating to real estate transactions; and Form 1099-MISC, if the sender is reporting payments in boxes 8 or 14
  • ​Feb. 1, 2021: Deadline for catching up on unpaid fourth-quarter estimated taxes without additional penalties by filing 2020 tax returns
  • ​Feb. 10, 2021: Deadline for employees who earned more than $20 in tip income in January 2021 to report this income to their employers
  • ​March 1, 2021: Deadline for businesses to mail Forms 1099 and 1096 to the IRS
  • ​March 2, 2021: Deadline for farmers and fishermen to file individual income tax returns
  • ​March 10, 2021: Deadline for employees who earned more than $20 in tip income in February 2021 to report this income to their employers
  • ​March 15, 2021: Deadline for corporate tax returns (Form 1120-S) for tax year 2020, or to request an automatic six-month extension of time to file (Form 7004) for corporations that use the calendar year as their tax year, and for filing partnership tax returns (Form 1065) or to request an automatic five-month extension of time to file (Form 7004)
  • ​March 31, 2021: Deadline for businesses to e-file Forms 1099 and 1096 to the IRS, except Form 1099-NEC
  • ​April 12, 2021: Deadline for employees who earned more than $20 in tip income in March 2021 to report this income to their employers
  • ​April 15, 2021: Deadline to file individual tax returns (Form 1040) and C Corporation (Form 1120) for the tax year 2020 or to request an automatic extension (Form 4868) for an extra six months to file your return, and for payment of any tax due
  • ​April 15, 2021: Deadline for household employers who paid $2,200 or more in wages in 2020 to file Schedule H for Form 1040
  • ​April 15, 2021: Deadline for first-quarter estimated tax payments for the 2021 tax year
  • ​May 10, 2021: Deadline for employees who earned more than $20 in tip income in April 2021 to report this income to their employers
  • ​June 10, 2021: Deadline for employees who earned more than $20 in tip income in May 2021 to report this income to their employers
  • ​June 15, 2021: Deadline for second-quarter estimated tax payments for the 2021 tax year
  • ​June 15, 2021: Deadline for U.S. citizens living abroad to file individual tax returns or file Form 4868 for an automatic four-month extension
  • ​July 12, 2021: Deadline for employees who earned more than $20 in tip income in June 2021 to report this income to their employers
  • ​Aug. 10, 2021: Deadline for employees who earned more than $20 in tip income in July 2021 to report this income to their employers
  • ​Sept. 10, 2021: Deadline for employees who earned more than $20 in tip income in August 2021 to report this income to their employers
  • ​Sept. 15, 2021: Deadline for third-quarter estimated tax payments for the 2021 tax year
  • ​Sept. 15, 2021: Final deadline to file corporate tax returns for tax year 2020, if an extension was requested (Forms 1120, 1120-A, 1120-S)
  • ​Oct. 12, 2021: Deadline for employees who earned more than $20 in tip income in September 2021 to report this income to their employers
  • ​Oct. 15, 2021: Final extended deadline to file individual tax returns for the year 2020 (Form 1040)
  • ​Oct. 15, 2021: Deadline for taxpayers who earned $69,000 or less in adjusted gross income (AGI) for tax year 2020 to use Free File to prepare and file their returns
  • ​Nov. 10, 2021: Deadline for employees who earned more than $20 in tip income in October 2021 to report this income to their employers
  • ​Dec. 10, 2021: Deadline for employees who earned more than $20 in tip income in November 2021 to report this income to their employers

2021 Federal Legal Holidays

  • Friday, January 1 – New Year's Day
  • Monday, January 18 – Martin Luther King Jr.'s Birthday
  • Monday, February 15 – President's Day
  • ​Monday, May 31 – Memorial Day
  • ​Sunday, July 4 – Independence Day
  • ​Monday, July 5 – Independence Day (observed)
  • ​Monday, September 6 – Labor Day
  • ​Monday, October 11 – Columbus Day
  • ​Thursday, November 11 – Veterans' Day
  • ​Thursday, November 25 – Thanksgiving Day
  • ​Friday, December 24 – Christmas Day (observed)
  • ​Saturday, December 25 – Christmas Day
  • ​Friday, December 31 – New Year’s Day (observed)

Tax Calculators - Provided by CalcXML

Taxes

  • What is my potential estate tax liability?
  • ​Federal income tax calculator
  • ​Should I adjust my payroll withholdings?
  • ​Will my investment interest be deductible?
  • ​How much self-employment tax will I pay?
  • ​Capital gains (losses) tax estimator
  • ​Compare taxable, tax-deferred, and tax-free investment growth
  • ​How much of my social security benefit may be taxed?
  • ​What are the tax implications of paying interest?
  • ​Should I itemize or take the standard deduction?
  • ​What is my tax-equivalent yield?
  • ​Tax refund estimator
  • ​Tax freedom day

Automobile

  • Lease or buy an automobile?
  • ​Loan vs. 0% dealer financing?
  • ​What would my auto payments be?
  • ​Upgrade to a more fuel efficient vehicle?
  • ​Auto loan: accelerated payoff
  • ​How much vehicle can I afford?

College

  • How much should I be saving for college?
  • ​Can I pay back my student loans?
  • ​Advantages of the Coverdell ESA
  • ​Advantages of a 529 college savings plan
  • ​The value of a college education?
  • ​Payments on a parental (PLUS) loan?
  • ​Live on campus, off campus or at home?

Home & Mortgage

  • How much home can I afford?
  • ​Should I refinance my home mortgage (break even)?
  • ​Mortgage calculator
  • ​Comparing mortgage terms (i.e. 15, 20, 30 year)
  • ​Should I pay discount points for A lower interest rate?
  • ​Should I rent or buy a home?
  • ​Should I convert to a bi-weekly payment schedule?
  • ​Compare a ‘no-cost’ versus traditional mortgage
  • ​What are the tax savings generated by my mortgage?
  • ​Which is better: fixed or adjustable-rate mortgage?
  • ​Adjustable rate mortgage calculator
  • ​How do closing costs impact the interest rate?
  • ​Compare an interest-only versus traditional mortgage

Paycheck & Benefits

  • How much is my company bonus after taxes?
  • ​How will payroll adjustments affect my take-home pay?
  • ​Convert my salary to an equivalent hourly wage
  • ​Convert my hourly wage to an equivalent salary
  • ​Future value of my employee stock options?
  • ​Exercise my “in-the-money” stock options?
  • ​What may my 401(k) be worth?
  • ​Impact of increasing my 401(k) contribution?
  • ​What may my 457 Plan be worth?
  • ​Impact of increasing my 457 Plan contribution?

Retirement

  • Will retirement impact my living expenses?
  • ​How much will I need for retirement?
  • ​Are my current retirement savings sufficient?
  • ​Social Security retirement income estimator
  • ​How does inflation impact my retirement income needs?
  • ​I’m retired, how long will my savings last?
  • ​When should I begin saving for retirement?
  • ​Convert discretionary expenses to savings?
  • ​How much retirement income may my 401(k) provide?
  • ​Compare a Roth 401(k) to a Traditional 401(K)

Cash Flow

  • Does inflation impact my standard of living?
  • How much am I spending?
  • How much do I need for emergencies?
  • ​Pay down debt or invest more?
  • ​How long will my money last?
  • ​Should my spouse work?
  • ​What is my current net worth?
  • ​What is my projected net worth?
  • ​What is my current cash flow?
  • ​What is my projected cash flow?
  • ​Value of reducing or foregoing expenses
  • ​Historical inflation – compare purchasing power`

Credit

  • How long will it take to pay off my credit card?
  • ​How long until my loan is paid off?
  • ​What are my loan payments?
  • ​What is the balance owing on my loan?
  • ​Consolidate my personal debt?
  • ​Re-structuring debts for accelerated payoff
  • ​Cash up front or payments over time?
  • ​Impact of making extra debt payments?
  • ​Pay off debts or invest the money?
  • ​Estimate my credit score

Insurance

  • How much life insurance do I need?
  • ​What is my life expectancy?
  • ​What are my needs for burial and final expenses?
  • ​How much disability income insurance do I need?
  • ​What are the chances of becoming disabled?
  • ​What are my long-term care insurance needs?
  • ​How much will I earn in my lifetime?
  • ​What are the tax advantages of an annuity?
  • ​How long will my current life insurance proceeds last?
  • ​What is the future value of an annuity?
  • ​Which is better, comprehensive plan or high-deductible plan with HSA?
  • ​Compare a taxable investment to a tax-deferred investment

Qualified Plans

  • Evaluate my company pension payout options
  • ​How much can I contribute to an IRA?
  • ​Retirement income from my IRA provider?
  • ​Convert to a Roth IRA?
  • ​Qualified plan is worth what retirement?
  • ​Current year required minimum distribution?
  • ​Projected required minimum distributions?
  • ​Lump sum distribution options?
  • ​Maximize my employer 401(k) match?
  • ​Impact of borrowing from my 401(k) plan?
  • ​Impact of early withdrawal from my 401(k)?
  • ​I’m self-employed, how much can I contribute to a retirement plan?
  • ​Net Unrealized Appreciation (NUA) vs. IRA Rollover?

Savings

  • Becoming a millionaire
  • Income generated by a savings plan
  • ​How long will it take to double my money?
  • ​How long will it take to double my money?
  • ​Save now vs. save later
  • ​How much should I save to reach my goal?
  • ​What will my current savings grow to?
  • ​​Calculate rate of return
  • ​How do taxes and inflation impact my return?
  • ​What is my effective annual yield?

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